Evidence map›Paper›PMID 30976207›Full record

ArticleThe journal of behavioral finance2018

Do Survey Probabilities Match Financial Market Beliefs?

Robin L Lumsdaine, Rogier J D Potter van Loon

Abstract read
In one paragraph

Article in The journal of behavioral finance, 2018. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 1 paper.

0numbers the graph read from it
0cells of the map it votes in
1citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

1 citing paper in PubMed.

  1. Genetic Endowments and Wealth Inequality.The journal of political economy · 2020
    Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

2 authors.

Robin L LumsdaineAmerican University.
Rogier J D Potter van LoonErasmus University Rotterdam.

Funding

How Survey Design Affects Elicited Perceptions and Inference on Health OutcomesR03AG043010 · NIA · NATIONAL BUREAU OF ECONOMIC RESEARCH · PI LUMSDAINE, ROBIN L. · 2012 to 2012
$68k
NIA NIH HHS R03 AG043010
6 · The paper itself

Abstract

This paper considers whether survey respondents' views regarding the likelihood of stock index returns exceeding specific thresholds are comparable to market views indicated by index options with strikes at analogous thresholds. It is motivated by the observation thatthe wording used to elicit subjective beliefs in surveys about expected future returns resembles the question a purchaser of a call option might ask. Building on this association, we document a similarity between the views of survey respondents and those of financial market participants as measured through call options, although the association is not one-for-one. We find a closer association for those demonstrating a better understanding of the laws of probability, suggesting that numeracy affects the accuracy of an elicited response.

Indexed as

focal pointsOption-implied probabilitiesProbabilistic assessmentRAND American Life Panel (ALP)Subjective responseSurvey expectations

Identifiers

PMID30976207
PMCPMC6456065

What OpenQuestion holds

Textmetadata
LicenceTDM
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.